Real Estate Disposition Activities (Tables)

12 Months Ended

Dec. 31, 2017

Discontinued Operations and Disposal Groups [Abstract]

Details regarding the real estate sales

Details regarding the real estate sales are summarized in the following table (dollars in thousands):

Community Name	Location	Period of sale	Apartment homes	Debt		Gross sales price		Net cash proceeds
Avalon Pines (1)	Coram, NY	Q117	450	$	—	$	140,000	$	138,689
AVA University District	Seattle, WA	Q217	283	—		112,500		108,511
Avalon Danbury	Danbury, CT	Q317	234	—		52,000		51,000
Avalon Run East	Lawrenceville, NJ	Q417	312	—		87,500		85,033
Avalon Huntington	Shelton, CT	Q417	99	—		33,000		32,173
Avalon Milford	Milford, CT	Q417	246	—		50,500		49,161
Other real estate dispositions (2)	multiple	Q1-Q417	N/A	—		39,154		38,472
Total of 2017 asset sales			1,624	$	—	$	514,654	$	503,039
Total of 2016 asset sales			2,051	$	—	$	564,028	$	532,717
Total of 2015 asset sales			851	$	—	$	289,320	$	282,163

_________________________________

(1) Includes the sale of the adjacent golf course.